A major Ukrainian producer of corrugated board – Poninkovsky Cardboard and Paper Mill-Ukraine (PKBF-Ukraine, Khmelnitsky region) in January-May increased the production of corrugated packaging by 35.5% compared with the same period in 2022 – up to 33.5 million square meters.
According to statistical data provided to Interfax-Ukraine agency by UkrPapir association, thus, the factory continues to be in the top three after Kyiv Cardboard and Paper Mill and Trypillya Packaging Mill in the production of these products.
According to statistics, in January-May the production of paper at the factory also increased by 13% to 0.27 thousand tons and containerboard – by 29.7% to 30 thousand tons.
At the same time in May, production of corrugated boxes Ponikovsky CBF increased by 26.2% compared to May 2022, to 7.2 million square meters, and paper and cardboard – by 10.8% to 7 thousand tons.
According to “UkrPapir” statistics, in January-May Poninkovsky CBF-Ukraine produced goods for more than 1 billion UAH – by 34% more than a year earlier.
As reported with reference to the data collected by the Association from the major enterprises of the industry, the five months in Ukraine produced 218.6 tons of paper and cardboard (12% more), and 197.3 million square meters of cardboard boxes (+21.4%).
Poninkovsky factory (formerly – Poninkovsky Cardboard and Paper Mill), once the largest manufacturer of school notebooks, now has one main production – paper and cardboard, mainly produces corrugated cardboard and corrugated packaging, as well as wrapping, waste paper.
The mill is part of the United Carton Company-Ukraine (UCCU, Lutsk), whose production assets include, in particular, the Lutsk Cardboard Mill-Ukraine (Volyn region), which in January-May (according to “UkrPapir”) produced 22.9 thousand tons of various cartons – 37.5% more.
Businessman Mykola Lobov is listed as the beneficiary in the Unified State Register of Legal Entities and Individual Entrepreneurs.
As it was reported, in 2022 Poninkovska CBF-Ukraine produced goods for 2 billion 446 million UAH – 6.5% more than a year earlier.
In January-May the Zhidachevsk Pulp and Paper Mill (ZhPPM, Lviv region) manufactured goods for 234.31 mln UAH, which is 18.1% more than in the first five months of 2022.
According to statistical data provided to Interfax-Ukraine agency by UkrPapir Association, the output of corrugated board packaging increased by 34.2% to 9.3 mln. sq. m, packaging cardboard – by almost 38% to 6.7 thousand tons, paper – by 37.3% to 1.8 thousand tons.
In May, the company increased the output of paper and cardboard output by 14.4% to 1.85 thousand tons, corrugated board output by 1% to 2 million square meters. Compared to April this year, the output increased by 11.2% and 8.2%, respectively.
Zheleznodorozhny Paper Mill has the capacity of paper production (corrugated base paper, cardboard liner, wrapping paper) – 43 thousand tons per year, cardboard production – 50 thousand tons, corrugated cardboard and corrugated packaging – 120 million square meters, cast containers (trays for 30 eggs) – 72 million pieces per year.
As reported with reference to the association, received from the industry enterprises, in January-May 2023, they produced a total of 218.6 tons of paper and cardboard (12% more), and 197.3 million square meters of cardboard boxes (+21.4%).
In 2022, Zhidachev PPM produced 510.8 mln UAH in marketable goods, which is 23.1% more than a year earlier, net profit increased by 67.5% to 41.76 mln UAH.
The European Bank for Reconstruction and Development (EBRD) has signed a EUR50 million loan agreement with Ukraine’s state-owned Ukreximbank, the loan funds will be used to finance private clients and municipalities.
“Ensuring uninterrupted financing through time-tested partner financial institutions such as Ukreximbank despite the war so that the private sector and municipalities can continue to operate, provide services and support the country is a priority for the EBRD in Ukraine,” EBRD Managing Director for Eastern Europe and the Caucasus Matteo Patrone said in a release Friday.
It is specified that the EBRD’s special crisis response fund covers the risk on the EUR25 million loan.
“During the war and post-war reconstruction phase, it is very important for Ukreximbank’s clients in priority sectors to have access to investment, commercial financing and war risk coverage. The new EBRD financing will certainly contribute to greater sustainability and adaptability of the Ukrainian economy,” said in turn Oleksandr Shchur, a member of the supervisory board of Ukreximbank.
According to the National Bank of Ukraine at the beginning of May, Ukreximbank with total assets of 275.46 billion UAH is the third largest Ukrainian bank among 65 operating in the country.
Ceramic Masses of Donbass LLC (Slavyansk, Donetsk Region) resumed production, the company’s press service said.
“It was a very difficult road to recovery: damaged equipment, a lot of destruction, destroyed electricity/gas lines, inability to access raw materials, but we managed,” the company’s official Facebook page reported.
It is specified that a limited line has been resumed for the time being, semipharmonic mass PFF-3 is already available, once the production processes are set up, the offer will be expanded.
According to opendatabot, LLC “Ceramic Mass of Donbass” was founded in 2007, the authorized capital – 45 million 579 thousand UAH. The founders are PrJSC Ukrainian Ceramic Group (24%) and Dutch World Ceramic Investments B.V. (76%).
Adonis Medical Group has opened a round-the-clock somatic hospital in Kyiv, which became the seventh ADONIS hospital in Kyiv.
The medical network told Interfax-Ukraine that the hospital has started operating in the left-bank part of Kyiv.
According to the press release, patients over 18 years of age will be able to undergo routine treatment and seek emergency care at the hospital. It will provide care in the areas of cardiovascular pathologies, neurological diseases, and other nosologies.
The healthcare network noted that inpatients can also be transported by the ADONIS ambulance service, in particular during curfews.
The hospital has its own laboratory and diagnostic complex (CT, X-ray, endoscopy). Medical care in the hospital is provided by doctors of more than 30 specialties.
Adonis is a network of private medical centers for adults and children. The Adonis private clinic was founded more than 20 years ago. Its network includes 12 branches in Kyiv and the region, including two own maternity hospitals and a stem cell laboratory. In the clinic’s branches, doctors provide services in 66 medical areas.
Oil prices continued to fall on Friday and ended the week lower amid continued monetary tightening by global central banks.
The Bank of England and Norwegian Central Bank raised their benchmark rates 50 basis points (bps) the previous day, while the Swiss National Bank raised them by 25 bps.
In addition, Federal Reserve (Fed) Chairman Jerome Powell made it clear that the U.S. Central Bank may raise the rate twice more this year.
“Global central banks continue to push for slower inflation, even as the measures they are taking to do so are pushing the economy into recession, and the oil market is responding accordingly,” notes CMC Markets U.K. analyst Michael Hewson.
“Sharper-than-expected rate hikes by the Bank of England and the Norwegian central bank, as well as hawkish signals from the Fed, are negatively affecting traders’ expectations for oil demand prospects,” Hewson is quoted by Market Watch.
The price of August futures for Brent crude oil on London’s ICE Futures exchange is $73.42 a barrel by 8:15 a.m. on Friday, down $0.72 (0.97%) from the previous session’s closing price. Those contracts fell $2.98 (3.9%) to $74.14 a barrel on Thursday.
The price of WTI crude futures for August at NYMEX fell by $0.73 (1.05%) to $68.78 per barrel by that time. The day before these contracts fell by $3.02 (4.2%) to $69.51 per barrel.
Data of U.S. Department of Energy issued on Thursday showed a reduction of commercial oil reserves in the country last week by 3.83 mln barrels to 463.29 mln barrels. Experts on average had forecast a decline by 450,000 barrels.
Gasoline stocks in the states last week rose by 479,000 barrels and distillates by 434,000 barrels.
